Strive Masiyiwa’s Ecocash discontinues waste collection services in Harare
EcoCash Holdings is now the fourth most valuable stock on the Zimbabwe Stock Exchange.
Southern Africa
Zimbabwean billionaire Strive Masiyiwa loses over $620 million as Econet shares slump
Masiyiwa owns a 52.85-percent stake of Econet Zimbabwe.
5 Angolan multimillionaires you should know
You might not know their names, but you should.
South African billionaire Patrice Motsepe, wife join world leaders at 2022 WEF Annual Meeting in Davos, Switzerland
Motsepe is a member of the WEF Board of Trustees.
Education investment as a future focus
Since 2000, millions of African children have benefited from better access to education.
Billionaire Johann Rupert’s Richemont sees shares dive 14 percent on fears over China slowdown
Rupert’s net worth fell by $896 million as a result of the 14 percent drop in Richemont shares on Friday.
Nicky Oppenheimer unseats Johann Rupert to become South Africa’s wealthiest billionaire
Oppenheimer’s net worth is estimated to be $8.55 billion as of press time.
Patrice Motsepe beats out Strive Masiyiwa, reclaims title as Southern Africa’s richest Black businessman
Motsepe’s net worth has risen to $3.1 billion so far this year.
Christo Wiese-linked retailer Steinhoff says investors will wait until 2023 to receive $1.62-billion settlement
In 2017, Wiese was Steinhoff’s largest shareholder.
Phuthuma Nhleko’s investment firm looks to sell stake in $3 billion Engen
The sale would generate millions of dollars’ worth of value for Phembani and other entities.
South African billionaire Johann Rupert’s luxury company records over $2.1 billion in profit in 2022
Richemont sales reached an all-time high of €19.2 billion in 2022.
Pieter Engelbrecht-led Shoprite creates $559.3-million Black empowerment trust
The trust will directly benefit the group’s South African employees.
Mining magnates Lucky Kgatle, Quinton van Der Burgh form JV to develop sustainable mining projects in Africa
The two partners hope to support historically disadvantaged actors in the mining industry.
South African tycoon John Copelyn gains $41.8 million from stake in HCI
Copelyn owns a 6.49-percent stake in the Cape Town-based investment holding company.
Digital risk for African family businesses
Cybercrime poses a serious threat to families of wealth.
South African mining mogul Neal Froneman fiercely defends his $18.9-million salary
In 2021, Sibanye-Stillwater’s executive directors and officers were handsomely rewarded, with $51.1 million in remuneration.